The junk software plays are starting to rise. I expect all these laggards to rise ending in a frenzy bubble top. I imagine this bodes well for the ARKK as well. I mean CRM had a decent earnings report where they guided down and it still exploded higher. nVidia had a great quarter and people sold it. Its obvious the market loves software AI & hates hardware AI.
nVidia is software AI. They design but don't make the chips they sell, TSMC and others do that for them.
Laggard? SOUN has a 253% 200 day rate of change. That's a price trend. Nuthin' to do with CRM. Nuthin' to do with Cathie Wood. Nvida stake, miniscule and stale. Earnings? Propaganda to move paper. IF there is a frenzy bubble, it's more pronounced in Taiwan Semi-conductor. Element of geo-political risk too. Very first post in this thread contained a chart of SOUN. Hardly a bubble.
My post was on December 5th. Closed at $13.33 Closed tonight, at $23.95. That's TEN points of opportunity cost, big boy. Per share. Don't know much about the ax, do ya? What do YOU know?